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- USD/INR is currently trading at 66.40 marks.
- It made intraday high at 66.50 and low at 66.38 levels.
- Intraday bias remains bearish for the moment.
- A daily close below 66.35 will drag the parity down towards 66.17, 65.96 and 65.67 levels thereafter.
- Alternatively, reversal from 66.38 will take the parity up around key resistances at 66.86/67.18/67.37 levels respectively.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
